12 Questions
What was the first limited liability company in the world?
East India Company
Which industry saw the first technological revolution during the industrialization period?
Textile industry
Who invented the spinning jenny in 1765?
James Hargreaves
In what year was the power loom invented?
1785
What mode of power was found in the 1780s to operate machines like the spinning jenny?
Steam engine
What innovation revolutionized communication during the industrialization period?
Electric telegraph
What were the 4 pre-conditions that needed to occur before the Industrial Revolution could begin?
Agricultural revolution, financial revolution, revolution in demand, technological revolution
How did the Agricultural Revolution in Great Britain contribute to population growth in the 18th century?
By increasing crop yields and supporting a significant increase in population.
What were the two ways in which engrossing was done during the Agricultural Revolution?
Through enclosure or by pushing out tenant farmers and hiring some back as wage laborers.
How did the Financial Revolution in Great Britain help in the investment for industrialization?
By providing ways to gain capital through producing it, borrowing it, or selling shares.
What made Great Britain one of the wealthiest nations on earth by the late 18th century?
Its vast trading network, budding capitalist agriculture, and surplus capital for investment.
Where did Great Britain lead the way in the development of joint-stock companies?
In the late 16th century.
Explore the key developments that led to the Industrial Revolution in Great Britain during the 18th century, including the agricultural revolution, financial revolution, and technological advancements. Learn about the pre-conditions necessary for this transformative period in history.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
